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Singapore recorded a Budget surplus, reflecting our healthy fiscal position. Addressing questions on the GST hike, Prime Minister Lawrence Wong said it was introduced to fund rising, structural healthcare expenditure for an ageing population. He added that Singapore’s fiscal system remains progressive, with higher-income groups contributing more so that greater support can be provided to those who need it most. Prime Minister and Minister for Finance Lawrence Wong delivered his Budget Round-Up S
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“We are putting money back, not draining money from businesses and households.” Finance Minister Lawrence Wong addressed questions from MPs on Singapore’s fiscal surplus as part of his Budget wrap-up speech in Parliament on Thurs (Feb 26). Read more: https://bt.sg/aswt | The Business Times
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